Answer:
Total Assets $84,800
Explanation:
Calculation for Maben TOTAL ASSETS
1 Cash increased $ 32,000
2 Cash increased $ 38,000
3 Cash increased by cash revenue $ 50,000
4 Cash decreased by expenses paid ($ 46,000)
5 Cash decreased by the amount of dividend ($ 1,200)
6 Cash received from issue of stock $ 22,000
7 Cash paid to reduce liability ($10,000)
8 Does not have effect on Total Assets $ -
9 It will not be considered for accounting $ -
TOTAL ASSETS $ 84,800
Therefore the amount of total assets that Maben would report on the December 31, Year 1, balance sheet will be the amount of $84,800.
